America’s incredible stock market rebound could be completed today
CNN
On April 8, when stocks were on the verge of plunging into a bear market, few Wall Street experts were predicting that the market would hit a record high just 80 days later.
On April 8, when stocks were on the verge of plunging into a bear market, few Wall Street experts were predicting that the market would hit a record high just 80 days later. That’s what the market appears to be set to do Friday. The S&P 500 is on pace to open in record territory. If it closes there, the market will set its first all-time high since February 19. S&P 500 futures gained 0.3%. The index closed within 3 points of a record Thursday. Futures for the Nasdaq Composite index gained 0.4%, also on pace to set an all-time high, its first since December 16, 2024. The Nasdaq has become synonymous with Big Tech, and the AI boom has fueled a tech rally in recent months. The smaller Nasdaq 100, made up of top tech stocks, set a record earlier this week. Dow futures rose 130 points, or 0.3%. The Dow, dragged down by UnitedHealth, Apple, Merck and Nike, still has about 1,600 points left to gain before it hits its all-time high. It’s been an incredible journey since mid-February. President Donald Trump alarmed traders with historic tariffs that economists said could reignite inflation and plunge the economy into a recession.
Oil and natural gas prices spiked Thursday, as Iran ramped up strikes on energy infrastructure across the Middle East and attacked one of the world’s most important liquefied natural gas (LNG) facilities in Qatar.
In normal times, the Federal Reserve would more or less ignore an oil price shock like the one we’re in now.
Property brokerage Compass on Wednesday dropped its lawsuit against Zillow, ending a legal clash over how home listings can be marketed online.
Fed officials didn’t make any rate moves at their March meeting and released an updated forecast for the path of the American economy as the war in Iran stretches on.
Fed officials are set to announce their latest rate decision Wednesday afternoon, along with a new forecast for the path of the American economy as the war in Iran stretches on.
“The speed with which American democracy is currently dismantled is unprecedented in modern history,” one of the world’s top democracy researchers says in a new report.
Oil prices held steady Wednesday after Iraq clinched a deal to resume some crude exports via Turkey. It’s not a ton of oil, but it’s what amounts for good news these days as the Strait of Hormuz remains largely blocked.
The US-Israeli war with Iran, now stretching into its third week, is dashing hopes that the Federal Reserve will lower interest rates at all this year.
A federal judge says the Trump administration must let more than 1,000 sidelined Voice of America employees return to work by next week.
Former judges side with Anthropic and raise concerns about Pentagon’s use of supply chain risk label
Nearly 150 retired federal and state judges have filed an amicus brief on Tuesday supporting AI company Anthropic in its lawsuit against the Trump administration for designating it a “supply chain risk,” CNN has learned.
Attacks on commercial ships in the Middle East this month have all but closed the vital Strait of Hormuz to oil tankers. One of the few alternative routes for oil exports from the region goes through the Red Sea. But now even that lifeline is in danger.
When Mona Panjwani opened One40 Rooftop, a swanky restaurant in lower Manhattan last year, one of the biggest dilemmas besides the menu was choosing the reservation platform.
What could get more expensive because of the war in Iran?